Brokerages Set Taylor Morrison Home Corporation (NYSE:TMHC) PT at $76.88

Key Points

• Analysts have given Taylor Morrison Home Corporation a consensus recommendation of "Buy", with an average target price of $76.8750.
• In the latest earnings report, Taylor Morrison Home exceeded analyst expectations with earnings of $2.02 per share, up 2.0% in quarterly revenue year-over-year, totaling $2.03 billion.
• Insider selling has occurred recently, with CFO Curtis Vanhyfte and CEO Sheryl Palmer reducing their holdings, indicating potential concerns or strategic repositioning amongst executives.

Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) has received an average recommendation of "Buy" from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $76.8750.

A number of research analysts recently issued reports on TMHC shares. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the transaction, the director directly owned 48,191 shares in the company, valued at $3,373,370. This trade represents a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Curtis Vanhyfte sold 9,754 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the transaction, the chief financial officer owned 14,163 shares of the company's stock, valued at approximately $923,710.86. This represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,351 shares of company stock worth $4,700,630 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TMHC. GAMMA Investing LLC boosted its stake in shares of Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after acquiring an additional 444 shares during the period. KBC Group NV boosted its stake in shares of Taylor Morrison Home by 16.7% during the 1st quarter. KBC Group NV now owns 4,987 shares of the construction company's stock worth $299,000 after acquiring an additional 714 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of Taylor Morrison Home during the 1st quarter worth approximately $243,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Taylor Morrison Home by 10.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock worth $552,000 after acquiring an additional 900 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of Taylor Morrison Home by 15.6% during the 1st quarter. Cerity Partners LLC now owns 24,507 shares of the construction company's stock worth $1,471,000 after acquiring an additional 3,311 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Down 0.1%

Shares of NYSE:TMHC traded down $0.05 during mid-day trading on Friday, reaching $68.20. 1,307,505 shares of the stock were exchanged, compared to its average volume of 1,093,956. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.85 billion, a P/E ratio of 7.88 and a beta of 1.58. Taylor Morrison Home has a one year low of $51.90 and a one year high of $75.49. The stock's 50 day simple moving average is $65.95 and its 200-day simple moving average is $61.34.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.08. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.Taylor Morrison Home's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $1.86 earnings per share. As a group, equities research analysts predict that Taylor Morrison Home will post 8.93 EPS for the current year.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.